It may have snowed 7 weekends in the first 3 months of 2015 but it certainly didn’t slow down the tempo of the North Fork Home Sales Market!
Three of the 4 markets monitored by TOWN & COUNTRY experienced increases in the Number of Homes Sales. In fact, 2 of the North Fork markets, Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) and Mattituck (which includes Laurel and Cutchogue) both experienced significant increases of +45.5% and +43%, respectively.
Jamesport (which includes Aquebogue, Baiting Hollow and South Jamesport) had a blow away quarter statistically in all 3 criteria monitored by TOWN & COUNTRY with all prices ranges in the black. In fact, the Jamesport markets were the lead hamlets with +45.5%, +77%, and +17% for the Number of Homes Sales, Total Home Sales Volume and Median Home Sales Price respectively – all 3 record stats!
Surprisingly Orient (which includes East Marion and Greenport) took a back seat with a 33% drop in the Number of Homes Sales and 28% decline in the Total Home Sales Volume. The Median Home Sales Price remained relatively stable at $435,000 in 2015 from $427,500 in 2014 1st Quarter.
Looking at All North Fork Markets Combined and we see healthy gains of nearly 10% in the Number of Homes Sales Price as well as a 5.4% increase in Median Home Sales Price. There was a slight dip of 2.55% in the Total Home Sales Volume – which was most likely swayed by 2 less sales in the $2-$3.49M price category.
All told, I’m sticking with my prediction that the North Fork Markets are going to enjoy 2015 broadly.